Augusta University Foundation Inc

Analysis

Augusta University Foundation Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in April 1967, 59 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Augusta University Foundation Inc reported income of $41.0m and spending of $14.0m, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $41.0m (+368%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 195%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Augusta University Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Childrens Care Hospital & School ($41.0m), Merit Network Inc ($41.1m) and International Association of Chiefs of Police Incorporated ($41.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $106.0m against liabilities of $25.9m, net assets of $80.1m.